Healthy outlook for hybrids

pg15-table-gif

Investors bemoaning the lack of high-grade corporate bond supply are taking some cheer from the prospect of more hybrid transactions entering the market. French media and technology firm Thomson's EUR500 million 5.85% deal in mid-September became one of the first investment-grade primary deals since August, and the sixth hybrid deal since June.

A raft of corporates have taken advantage of the fact that hybrid debt, which has features of both debt and equity capital, is a cheaper instrument to

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: